Schedule 2, Part 1, paragraph 6(2)

The regulations— may permit allowances held by a participant at the end of a trading period in excess of the participant's activities in the period to be used to cover the participant's activities in a later trading period, may permit allowances allocated to a participant for a trading period to be used to cover the participant's activities in an earlier trading period, and may in either case provide for such use of allowances to be subject to such conditions and limitations as may be specified in or determined in accordance with the regulations.

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Source: legislation.gov.uk · retrieved 2026-07-30